In her opinion it will create time savings for advisers and improve their workflow.

Campbell believes this will be the start of further consolidation in the industry. She says some groups have their heads in the sand over the upcoming regulatory changes and that later this year, early next year there will be a real scramble to when they try to work out what they are going to do under the licensing regime.

“I think there’s going to be a real shake up in the market,” she says.